Elective A: Disclosures in a Wisconsin Transaction
As a real estate licensee, you know all too well that a signed purchase agreement is only the beginning. The disclosure and inspection process can lead to a myriad of snags—sometimes causing a deal to fall apart. Equally important is the fact that a lack of proper disclosure can lead to professional violations and civil lawsuits. Put simply, your understanding of the disclosure process is vital to your clients, your customers, and your career.
Disclosures in a Wisconsin Transaction, a three-hour elective course, provides a careful review of state and federal disclosure requirements concerning an assortment of crucial issues you’re likely to encounter.
Course highlights include:
- A review of your disclosure responsibilities, including your duty to disclose material adverse facts and inspect a property.
- A detailed look at the Real Estate Condition Report and the seller’s disclosure obligations.
- A review of what constitutes misrepresentation and tips for avoiding it.
- A discussion of disclosure requirements relating to environmental issues, such as asbestos, the production of methamphetamines, lead-based paint, radon, and more.
- A review of disclosure issues associated with underground storage tanks, wells, use-value assessments, and renovations and permits.
- Activities and examples to illustrate the practical application of the new information and frame it in everyday context.